(Update: added SoFi now)
In light of the recent news about potential ties between Webull and the government of China, Robinhood, SoFi, and Public are offering a 3% bonus to transfer your assets from Webull to their platforms.
The Offer
Robinhood link | SoFi link | Public brokerage link (pdf)
- Robinhood is offering a 3% bonus (unlimited) for those who ACATS transfer their assets from Webull. The bonus will post quickly, and then you need to keep the funds with Robinhood for 5 years. Offer valid October 7, 2026 through October 16, 2026.
- SoFi is offering a 3% bonus for those who ACATS transfer their brokerage or IRA assets from Webull, up to $150,000 bonus ($5M in transferred assets). The bonus will post quickly, and then you need to keep the funds with SoFi for 5 years. Offer valid October 8, 2026 through October 15, 2026.
- Public Brokerage is offering a 3% bonus for those who ACATS transfer their brokerage or IRA assets from Webull, up to $1M bonus ($33.3M in transferred assets). The bonus is paid out over the course of 6 years in 72 monthly increments. Offer valid October 7, 2026 through October 26, 2026.
The Fine Print
- The Robinhood terms imply that if you leave before 5 years you’ll still keep a portion of the bonus. (“The chargeback amount described above may be reduced based on the customer’s progress toward the five (5)-year holding period.”)
- With the Public deal, you can leave any time and keep the bonus payments you’ve already received.
- With SoFi it seems you’ll lose the 3% bonus if you pull money out before the 5-year earn-out, proportionate to the amount you pull out (e.g. if you pull out $1,000 one day before the 5 years is up, you might lose out the full $30 bonus from that $1,000).
- The SoFi and Public offerings work on both taxable brokerage and IRA accounts while the Robinhood offer is only for taxable brokerage accounts. For IRAs, Public treats the bonus as earnings within the IRA, so it gets the IRA’s tax treatment and won’t affect annual contribution limits. SoFi is less clear on exactly how this will work for IRAs.
Our Verdict
I don’t have any funds at Webull. If I had funds at Webull that weren’t locked into a bonus there, I’d likely jump on one of these offers.
